The Ukrainian Cabinet of Ministers broadened the list of Russian goods that cannot be imported into Ukraine at a meeting on April 10, the CFTS portal reports, citing information from the Ukrainian Ministry of Economic Development and Trade.
The list includes springs for freight-car bogies and equipment for switching or protecting electrical circuits (relays), which are used in railway signaling and communication automation devices.
The relevant Cabinet of Ministers directive will enter into force 10 days after its publication.
The Ministry of Economic Development and Trade said that the Ukrainian government introduced the ban in response to aggressive and discriminatory measures by the Russian Federation, which involved denying goods originating from the territory of Ukraine access to the Russian market and restricting the transit of goods from Ukraine through the territory of the Russian Federation.
“The ban on imports of these goods originating from the Russian Federation will not cause shortages. However, the government’s decision will facilitate increase of the volume of domestic production and have a positive impact on the production and financial performances of Ukrainian enterprises in the relevant industries,” Minister of Economic Development & Trade Stepan Kubiv said, commenting on the government’s decision.
Springs for freight-car bogies are produced in Ukraine by a number of railcar manufacturing enterprises, including the Kryukov Railcar Building Works, the Popasna railcar repair plant, and JSC Dniprovagonmash.
They are produced in Russia by ZAO Beloretsk Spring Plant, OAO NPK Uralvagonzavod, ZAO UK Bryansk Engineering Plant, OAO Altaivagon, and OAO Volgograd Tractor Parts Inormale.
The markets for springs for freight-car bogies are Ukraine, Russia, Kazakhstan, Belarus, and Uzbekistan.
As the CFTS portal reported earlier, the the Kryukov Railcar Building Works’ net profit increased by 47% in 2018.